In a significant development for the world of enterprise AI automation, Silicon Valley-based startup Induced AI has successfully secured $2.3 million in funding. The round, spearheaded by OpenAI's co-founder, Sam Altman, adds yet another feather to his cap, having previously backed pioneering ventures such as Uncommon, Locket Labs, Peak XV, and SV Angel. The funding consortium boasts an array of notable investors, including Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck, and Untitled Ventures.
Induced AI, the brainchild of two prodigious Indian-origin teenagers, Aryan Sharma and Ayush Pathak, emerged on the scene in 2023, setting up shop in the heart of Silicon Valley. The startup's mission revolves around revolutionizing businesses by introducing unprecedented levels of automation to a variety of workflows. It accomplishes this feat by allowing businesses to input their workflows in plain English, seamlessly converting them into pseudo-code in real-time, thus streamlining repetitive tasks.
One of the standout features of Induced AI is its cloud-first platform, which enables users to automate tasks discreetly in the background without impinging on their computing resources. Its infrastructure-centric approach liberates it from the confines of a standard browser, granting it the prowess to execute automated workflows effortlessly. Furthermore, the browser boasts autonomous interaction capabilities and integrates LLM reasoning. It handles authentication seamlessly and enjoys access to a file system and memory, all of which contribute to the execution of complex workflows.
Aryan Sharma, Co-founder, and CEO of Induced AI, highlights their innovative approach, stating, "We've purpose-built a browser environment on top of Chromium that's designed for autonomous workflow runs. It has its own memory, file system, and authentication credentials (email, phone number) to do complex flows. As far as I know, we're the first to take this approach of redesigning the browser for native AI agent use. So complex logins, 2FA (we auto-fill in auth codes/SMSs), file downloads, storing, and reusing data is possible that other autonomous agents can't do."
Induced AI's groundbreaking approach to AI automation has garnered significant attention, with experts hailing it as "RPA 3.0." The startup's unique blend of true human-like interaction and efficiency has the potential to democratize access to advanced automation. It allows users to describe their workflows in natural language, setting the stage for the execution of parallel agents in various back-office workflows.
Elaine Zelby of SignalFire lauds Induced AI, stating, "Induced is the definition of RPA 3.0. Not only are they taking a huge leap forward in providing true human-like interaction and efficiency, they democratize access by allowing users to describe their workflows in natural language and execute parallel agents in any back-office workflow."